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Conted Dorohoi Eyes RON13.5M Revenue, RON420,000 Net Profit In 2019
Textile clothing manufacturer Conted Dorohoi (CNTE.RO) targets total revenue of RON13.5 million in 2019, up over 25% compared with the level reported in 2018, and a net profit of RON420,000,...
BRD-SocGen, Banca Transilvania and BCR Most Profitable Banks in Romania in 2018
The profit of the three most profitable banks – BRD, Banca Transilvania and BCR taken together, which are also the largest local banks by assets, accounted for almost 60% of the entire syste...
Bilka Steel Sees Profit up 8% to RON40M in 2018
Roofing systems manufacturer Bilka Steel in Brasov, held by businessman Horatiu Tepes, posted 8% higher profit, 40.7 million lei (EUR8.7 million), in 2018. The profit margin therefore was 8%...
Vrancart Adjud 2018 Turnover Up 13% To RON295M, Profit Down 21.4% To RON17M
Paper and cardboard maker Vrancart Adjud (VNC.RO) on Friday said its turnover grew 13% to RON294.4 million and its profit fell 21.4% to RON17.5 million year-on-year in 2018, due to expenses...
Patria Credit Posts EUR900,000 Net Profit in 2018
Patria Credit, the non-banking financial institution owned by Patria Bank Group, which funds farmers and micro-enterprises, on Thursday said it had a net profit of EUR900,000 in 2018 and its...
Romania Banking System Posts Record Profit Of RON7B In 2018 Vs RON5.3B In 2017
Romania’s banking system ended 2018 with a record profit of RON7.17 billion, compared with a profit of RON5.3 billion in 2017, being the largest annual increase of the last ten years.
Romania’s Banking System Profit Hits Record High of Over RON7B in 2018
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit last year, more than 7 billion lei (EUR1.5 bill...
SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for 2018, double against the result reported in 201...
Banks in Romania Paid RON1.2B Tax on Profits in 2018
The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388 million) in 2018, up about 80.8% over 2017, the 201...